Transmeta blames Japanese sales for poor Q2

Transmeta Corp. on Thursday reported a pro forma net loss of $17.8 million for its second quarter, or $0.14 per share, blaming a weak economy in Japan where the company does most of its business.

The loss was in line with forecasts made by financial analysts polled by Thomson Financial/First Call. However, those analysts had lowered their estimates since the start of the quarter. At that time they expected Transmeta to lose only $0.08 cents a share.

Revenue for the period, which ended June 29, was $10.5 million, compared to $354,000 during the same period last year, Transmeta said.

The above figures for net income exclude certain charges, including intangible assets and deferred stock compensation, purchased in-process technology, and charges to write-off excess inventory. Including those charges, Transmeta actually reported a loss of $69.3 million, or $0.54 per share, compared to $23.8 million, or $0.73 per share, during the year-ago quarter.

Last month, Transmeta slashed its revenue expectations nearly in half, blaming economic woes in Japan where most of its chips are sold. The day after the announcement, Transmeta's shares hit what was a 52-week low at the time, trading at $5.31 per share.

Ahead of Thursday's results, Transmeta's (TMTA) shares on the Nasdaq closed down 0.26 percent, to $3.80.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Douglas F. Gray

PC World
Comments are now closed.

Latest News Articles

Most Popular Articles

Follow Us

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Resources

Best Deals on GoodGearGuide

Compare & Save

Deals powered by WhistleOut
WhistleOut

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?